EU tanker import tonne mile demand up 12% as ships avoid Red Sea area: BIMCO

“In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on ships in the Red Sea area have caused average sailing distances to increase a further 16% and tonne mile demand to increase 12% […]

Kongsberg Maritime celebrates 50 years of ship design

From setting the benchmark that set the standard for offshore supply vessels in the 1970s, to advanced anchor handlers that transformed the oil and gas industry, and a growing reference list in fishery and merchant ships, Kongsberg Maritime’s range of ship designs has continued to evolve over the past five decades. The early 1970s, at […]

Wah Kwong’s Mr. Hing Chao joins ShipZERO28.5 line-up

Hing Chao, the visionary Executive Chairman of Wah Kwong Maritime Transport Holdings, will join a panel of maritime industry leaders at the upcoming ShipZERO28.5 event, in conjunction with Singapore Maritime Week, in Singapore on April 18. Mr. Chao’s insights and leadership in sustainable shipping practices will help illuminate the necessary path forward for the maritime […]

Singapore’s EU ETS liabilities of €330m can accelerate green shipping initiatives, says OceanScore

Singapore-registered vessels will be required to contribute a significant €330m share of Asian shipping’s total emissions liabilities under the EU ETS, underlining the importance of the Lion City as a key maritime hub for both global trade and decarbonization, according to OceanScore. The Hamburg-based maritime technology firm’s modelling analysis shows that 5.5 million EU Allowances […]

Groke unveils new situational awareness tool for Fleet Managers

Groke Technologies, the Finnish technology company behind the Groke Pro Situational Awareness System, has introduced an important new solution designed to give ship managers shoreside an unparalleled view of the surrounding area of all the vessels in their fleet. Essentially, Groke Fleet gives ship management teams more detailed information on which to better evaluate, enhance […]

World’s first over-the-horizon high-endurance USV goes into production

Following a highly successful week at the Oceanology event at Excel, London, where Zero USV confirmed its partnership with marine technology suppliers including electric propulsion company RAD Propulsion, Hexagon, and Navtech Radar for the purchasing of key sensors and equipment in the supply and build of the fully autonomous Oceanus12 class USVs (Unmanned Surface Vessels), […]

Bridge app goes live for bunker buyers and suppliers

Bridge, the bunkering app recently launched globally by UK-based The Peart Group, is now fully live and ready for buyers and suppliers to connect, chat and fix in a much more straight forward, efficient and secure way than ever before, removing the complexity of multiple engagements, across multiple platforms. Bridge has been designed by a […]